Pag-IBIG Fund extends Acquired Assets Super Sale

MANILA, Philippines — Pag-IBIG Fund has extended its Acquired Assets Super Sale until Dec. 31, giving homebuyers more time to purchase foreclosed properties at discounted prices, while adopting new rules to lower upfront costs and make it easier for more buyers to participate.

Pag-IBIG Fund said interest in acquired assets has remained strong since the Super Sale began on Aug. 25, with 44,861 bids received and 18,434 winning bids recorded. The agency said that 5,074 properties will be published for auction until the remainder of the year.

The extension and updated rules respond to sustained demand from homebuyers, and support President Marcos’ directive to expand access to affordable, ready-for-occupancy homes.

“The demand for our Acquired Assets Super Sale has been overwhelming and very encouraging, showing how dependable Pag-IBIG Fund has become in helping Filipino workers secure affordable homes,” Department of Human Settlements and Urban Development Secretary Jose Ramon Aliling, who chairs the Pag-IBIG Fund Board of Trustees, said. “With the enhancements to our Super Sale, we are making participation easier and more affordable for more buyers, consistent with President Marcos’ directive to provide Filipinos with accessible and practical opportunities for homeownership.”

Under the updated rules, Pag-IBIG Fund reduced the required down payment for cash and short-term installment purchases to 3 percent of the net selling price, from 5 percent previously. The agency also updated its auction guidelines to allow bidders to submit offers for up to three properties per batch of published listings.

Interested buyers may view listings, eligibility requirements and auction mechanics at www.pagibigfundservices.com/OnlinePublicAuction.